UK housebuilder Crest Nicholson slides into loss amid property market woes
by Jane Croft from World news | The Guardian on (#6NG7S)
Company issues profit warning and slashes dividend, saying buyers are waiting for interest rate cuts
The UK housebuilder Crest Nicholson has tumbled into the red and slashed its dividend, highlighting the struggles in the UK property sector.
Warning for the fourth time in a year that profits would be below expectations, the FTSE 250 company said it continued to be buffeted by volatile mortgage rates and slowing demand in the housing market.
Continue reading...